How to Sell A Diamond Most Profitably
There can be numerous reasons behind your decision to sell a diamond, but you can never ignore the cost aspect. This precious jewel should be sold at a reasonable market price and the deal can never rest on an unprofessional trader. Here are some words of advice to facilitate your decision:
Significance of the best buyer
When you talk about the best, you just don’t mean anything below the experienced and professional purchaser. Ideally speaking, it is a far better thought to sell your diamond to a close acquaintance or relative, who is fond of diamonds, if you want a good price for it. In addition, you can also use one of the few auctioning platforms where your diamond is expected to be considerably valued. Patience is an evident key when you are stressing the price tag. Practice it right from the moment you decideto sell a diamond and be ready for some pleasant surprises – a price much above than the one you anticipated.
Approach the diamond buyer only after you know the worth
You might not be a seasoned trader but it is equally vital to know how your diamond is appraised and given its value. The internationally approved diamond quality standards base upon four pillars -color, carat, clarity and cut. These are foremost aspects any diamond buyer would look for, but then there are other things too. The price of your precious stone is dependent on the international market, stock market fluctuations or other factors.
We must talk about the market value here. Before you advertise on a good diamond portal or classifieds website, know that three things – colour, cut and carats contribute to the market value. Also, search all possible sources to know your diamond’s worth before you finally sell it; after all, it is a precious good and not something customary as old furniture or a worn out shirt.
Don’t forget the emotional bond
Numerous individuals simply forget the emotional aspect when they go to sell a diamond. While it is true that every diamond holds a value, it embraces something more than that – love. In your case, it might be something you bought for someone close, or maybe it was gifted to you by parents or the love of your life. You can find the top diamond purchaser under the sun but think twice – can the price replace that priceless love or emotional bonding? Never! So before you sell the jewel to a trader, be sure that your decision is final.
When you are financially pressurized, you are all apt to make hurried moves. The decision to vend something as precious as a stone or diamond might become an option. Before the idea is executed, keep these words handy.